MLS # 20240073839 (Realcomp)

Unique opportunity to build a "grandfathered" livable boathouse on a canal with 30 feet of frontage, with direct access to the Detroit River. The rapidly growing Jefferson Chalmers neighborhood feels like a quaint fishing village, with its canals feeding to the river. Originally holding a 1400 SF, two-story house built over two boat wells, the property was damaged by a fire in 2020. With part of the structure remaining, there is a grandfathered opportunity to build back to original specifications or simply build a boat lift with a garage/ guesthouse/ structure above it. Originally the owner was able to park their boats beneath the house and walk up to the living quarters. There are still 2 concrete boat wells with a concrete lip to the left and front. The wells are big enough for speedboats and small watercraft. The structure will need to be replaced but enough remains to grandfather in the build to the original footprint or simply build a boathouse/ guesthouse with a boat lift and build a livable house in front of the wells. Consult an architect or other knowledgeable professional for the specific details. A great opportunity for the right investor/developer.
Source: SparkMLS
This home sold for $35,000.
Fiber internet is available at this address with download speeds up to 5,000 Mbps across 8 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Location
Sale & Financing
Source: SparkMLS
Source: Public Records
Legal Description
E ASHLAND 500 EXC THE ELY 10 FT FOX CREEK SUB L25 P73 PLATS, W C R 21/295 30 X 140
FEMA Flood Zone: Zone AE — 100-year floodplain
Flood insurance required for federally backed mortgages
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Jan Dijkers
Berkshire Hathaway HomeServices The Loft Warehouse
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Download
5 Gbps
Upload
5 Gbps
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
516 Ashland Street, Detroit, MI 48215
View full property history →
Neighborhood
East Riverside
View all listings →
Community
Detroit
Explore neighborhoods →
County
Wayne County
View county overview →
We'll notify you when something hits the market in East Riverside or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.